This is a very fascinating vision – a company that makes it possible for Nigerian customers to buy goods from Ugandan merchants and pay over time. The firm, Xente, explores Nigeria, out of its Ugandan root, just as Nigerian startups like to link into United States and United Kingdom.
Largely, if Nigeria gets itself ready, it can become the American to many Africa-nations entrepreneurs and startups. They see the big market and they are ready to roll in Nigeria. It is simply fascinating that someone will structure a deal to make it easier for Nigerians to buy from Ugandan businesspeople; give credits to these young entrepreneurs!
Ugandan startup Xente, which allows customers from all over the world to buy products from Ugandan merchants and pay in instalments with cards or mobile money, has expanded to Nigeria.
Mobile payments and shopping app Xente enables consumers and African businesses to transact efficiently and safely on any mobile channel without the need to use cash.
The startup has now made Nigeria its first market outside of Uganda, allowing users there to, among other things, purchase airtime from all major networks, pay for utilities such as electricity, water and pay-TV services, and pay for physical products at partner stores using their Xente wallet.
“We are proud to have a second home, nothing makes us more happy than to sit in Africa’s fastest growing economy. We are more than happy to provide every Nigerian citizen with a secure, convenient and stress-free online buying experience,” said Xente chief executive officer (CEO) Allan Rwakatungu.
Xente is Africa’s Alipay. Using Xente, customers in Uganda and, Nigeria can make payments in country and cross border for 100 + use cases using mobile money, bank cards, as well as on credit.
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